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RAMELIUS RESOURCES LIMITED — Earnings Release 2015
Sep 30, 2014
65718_rns_2014-09-30_6f957931-1996-445a-bf6a-8412ed21de95.pdf
Earnings Release
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1 October 2014 For Immediate Release
GOLD PRODUCTION GUIDANCE ACHIEVED – SEPTEMBER 2014 QUARTER
Ramelius Resources Limited (ASX: RMS) is pleased to announce that gold production guidance for the September 2014 Quarter was achieved across all WA operating units. An update on operational, development and exploration activities follows:
OPERATIONS
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Group quarterly production of 22,336* fine ounces of (June guidance: 21,000-23,000oz)
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• Mt Magnet quarterly production of 18,376* fine ounces of gold (June guidance: 18,000-19,000oz)
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(June guidance: 3,000-4,000oz)
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Half-yearly SAG mill re-line at Mt Magnet completed on schedule in early September 2014
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Cash costs are expected to be lower again than the previous quarter
DEVELOPMENT
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Vivien Gold Project – funding discussions progressed, PYBAR Mining Services selected as preferred underground mining contractor
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Kathleen Valley Gold Project - acquisition completed on the 1st September 2014 with A$4.05M payment, feasibility study work commenced
EXPLORATION
- RC drilling is scheduled at Moonlight Creek (Qld) and Vivien Gem (WA) for commencement in October 2014
- subject to Mt Magnet’s final gold production out-turn from Perth Mint
Further details will be available in the full quarterly report later this month.
For further information contact: Mark Zeptner Chief Executive Officer Ph: 08 9202 1127